BoJ unexpectedly tweaks YCC: widens 10yr yield band to +/-0.5% (prev. +/-0.25%) to increase bond purchases to JPY 9tln/m (prev. 7.3tln/m) in Q1; keeps rate unchanged with rates at -0.10%, and maintains 10yr JGB yield target around 0% as expected

YCC

JGB PURCHASES

MARKET COMMENTARY

GUIDANCE

Via BoJ

Reaction details (03:25)

In an immediate reaction (in thinner pre-Christmas liquidity) to the unexpected widening of the YCC band, an immediate risk of reaction was seen in across all markets:

FX:

FIXED INCOME

STOCKS

OTHERS

Analysis details (03:43)

20 Dec 2022 - 03:01- Important- Source: Newswires

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